Listings of Commercial Properties For Sale in Little Italy

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388 Spadina Avenue
Kensington-Chinatown Toronto M5T 2G5

$3,890,000 /For Sale
Commercial

Main Photo: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Photo 1: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Photo 2: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Photo 3: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Photo 4: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Photo 5: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Photo 6: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Photo 7: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Photo 8: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Photo 9: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C9366647
Metropolitan Commercial Realty Inc. is pleased to present the offering of 388 Spadina Ave, a unique opportunity to acquire an institutionally managed, fully-occupied property with strong contractual rental income from notable tenants, including one of Toronto's most popular Chinese restaurants. Located in a high-traffic corridor just steps from the intersections of Spadina Avenue & College Street and Spadina Avenue & Dundas Street West, this property enjoys substantial pedestrian, vehicular, and transit exposure. The surrounding area features the University of Toronto, Kensington Market, and many cultural and tourist destinations, providing consistent foot-traffic in the area. 388 Spadina Avenue, is located in a node experiencing significant growth and intensification, further bolstering foot traffic and retail demand. The Property is well-positioned to benefit from long-term value growth for years to come, including the potential for a development assembly along this block.
Property Type:
Commercial
Commercial Type:
Commercial/Retail
Depth:
99'
Frontage:
18'
Total Area:
3,416 sq. ft.
Retail Area:
3,416 sq. ft.
Zoning:
CR 2.5 (c2.0; r2.0) SS2 (x1865)
Heating type:
Gas Forced Air Closd
Garage:
None
Possession Details:
TBD
Taxes:
$48,213.37 / 2024
Assessment:
$- / -
Kensington-Chinatown
The total building area is 5,027 Square Feet. 3,416 SF Above Grade, Plus 1,611 SF of basement space. Basement is currently used by the main floor tenant for storage, including a walk in Cooler.
Utilities:
Y
Water supply:
Municipal
Seller Property Info Statement:
No
Air Conditioning:
Y
Log/Bldg/Unit Code:
Lot
Sprinklers:
No
Type Taxes:
Annual
Category:
Retail
Freestanding:
No
Date Listed:
Sep 25, 2024
Original Price:
Previous Price:
  • Photo 1: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
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  • Photo 2: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
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  • Photo 3: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
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  • Photo 4: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
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  • Photo 5: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
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  • Photo 6: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
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  • Photo 7: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
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  • Photo 8: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
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  • Photo 9: 388 Spadina Avenue in Toronto: Kensington-Chinatown Property for sale (Toronto C01)  : MLS®# C9366647
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Listed by METROPOLITAN COMMERCIAL REALTY INC.
Data was last updated December 23, 2024 at 03:55 AM (UTC)
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